In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Viper Energy (VNOM – Research Report), with a price target of $36.00. The company’s shares closed yesterday at $35.18.
Lear covers the Energy sector, focusing on stocks such as Diamondback, Magnolia Oil & Gas, and APA. According to TipRanks, Lear has an average return of 3.0% and a 49.47% success rate on recommended stocks.
Viper Energy has an analyst consensus of Strong Buy, with a price target consensus of $34.83, representing a -0.99% downside. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $33.00 price target.
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VNOM market cap is currently $6.26B and has a P/E ratio of 15.30.
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Viper Energy (VNOM) Company Description:
Viper Energy Partners LP engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
Read More on VNOM:
- Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2023 Financial and Operating Results
- Viper Energy price target lowered to $36 from $37 at Piper Sandler
- Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Fourth Quarter 2023 Conference Call for February 21, 2024
